KARACHI: The Pakistan bourse increased 1.3 per cent during the week ended March 4, 2022, which can largely be attributed to the contribution from the E&P, which gained on account of run up in the crude oil prices, amid the ongoing Russia and Ukraine conflict that has resulted in higher international commodity prices. The Pakistan … Read more
KARACHI: The low foreign inclusion factor remains a major reason for Pakistan’s MSCI Index to witness no major changes in the negotiations, analysts said. The MSCI has commenced consultations on the potential inclusion of MSCI Pakistan Index to the MSCI Frontier Market (FM) 100 index and MSCI FM 15 per cent Country Capped Index, a … Read more
QUETTA: According to the 2017 census, the poverty rate in southern Balochistan is 46%, the highest in the country – the lowest rate being 16.3% recorded in Punjab. Ironically, Balochistan is also the province richest in terms of natural resources. The official website of the Balochistan government says the province “possesses a great unexplored potential … Read more
KARACHI: The Pakistan Petroleum Limited (PPL)-led consortium of companies has incorporated a special purpose vehicle (SPV) in Abu Dhabi, a prerequisite to qualify for the award for the exploration block, a bourse filing reported on Thursday. A consortium comprising Pakistan’s leading exploration and production companies, including Mari Petroleum Company Limited (MPCL), Oil and Gas Development … Read more
Massive oil and Gas reserves have been discovered from Kohat, Khyber Pakhtunkhwa. According to details, Pakistan’s largest Oil and Gas Development Company (OGDCL) has discovered new oil and gas reserves in the district of Kohat, Khyber Pakhtunkhwa (KP). Massive oil and gas reserves unearthed in Khyber Pakhtunkhwa will give impetus to Pakistan’s growing needs and … Read more
The Supreme Court has given the Oil and Gas Development Company (OGDCL) the last chance to resolve the pension and other liability of retired employees According to the details, a two-member bench headed by Justice Gulzar Ahmed heard the case of OGDCL employees, the lawyer for the employees told the court during the hearing that the employees … Read more
